(Angela Weiss/AFP/Getty Images)
(Angela Weiss/AFP/Getty Images)

2020 was the worst year for economic growth since the Second World War

New federal data offers comprehensive snapshot of a year marred by staggering job losses, waves of small-business closures and mounting inequality.

The recession may be over — technically

Many economists say the U.S. is technically out of a recession, but the economy is a long way from healthy.

McDonald’s, Subway and other franchises got $15.6 billion in small-business funds

In total, SBA identified 75,746 franchise businesses that received loans under the small-business pandemic loan program.

My boss refuses to offer vegan options at business events

If your boss refuses to offer alternative dining options for company-sponsored lunches and dinners, it might help to point out that some of those who will go hungry are donors and VIPs.

HUD nominee Marcia Fudge to push for rental assistance, affordable housing amid coronavirus crisis

HUD nominee Marcia Fudge will confront the challenge of keeping millions of Americans from losing their homes amid the coronavirus pandemic, while also ending discriminatory housing policies.

GameStop, AMC shares surge after Reddit users lead chaotic revolt against big Wall Street funds

Users on online trading communities are claiming victory for wrecking costly hedge fund gambles those stock prices would fall.

The economy is getting even worse for Americans with a high school diploma or less education

Nearly a million people with a high school education or less lost work in November and December, reversing job recovery since April.

Pension funds demand BlackRock disclose its political activity in the wake of U.S. Capitol riots

Public worker retirement funds controlling more than $1 trillion are pressuring BlackRock, the world's largest asset manager, to reveal more about its political activity — the start of a broader push to convince Wall Street to curtail support for some Republicans.

Consumer Financial Protection Bureau, muzzled under Trump, prepares to renew tough industry oversight

After taking a largely hands-off approach in the Trump era, the consumer watchdog hatched by Elizabeth Warren is expected to resume issuing tough penalties and rules.

Cutting off stimulus checks to Americans earning over $75,000 could be wise, new data suggests

President Biden is debating another round of $1,400 stimulus payments. Some in Congress have urged the president to target aid to lower-income families only.

Biden’s commerce secretary pick pledges a tough line on China but doesn’t detail how she’d deal with Huawei

Rhode Island Gov. Gina Raimondo also pledged to help the U.S. economy recover from the pandemic, to expand broadband access to regions with patchy Internet connections, and to promote manufacturing and clean-energy jobs.

Third round of PPP lending tops $35 billion as SBA irons out glitches

The Small Business Administration is two weeks into its third round of coronavirus relief lending.

Many people may not get promised stimulus payments in hand if they owe back taxes

Backlogs and timing could prevent some Americans who owe Uncle Sam back taxes from receiving stimulus payments when they file their 2020 return to claim the Recovery Rebate Credit.

Twitter bans MyPillow CEO Mike Lindell

The fierce Trump ally doubles down on baseless claims of election fraud despite the costs to his business.
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